WHAT’S YOUR TRADING MINDSET?

“SUCCESSFUL TRADING BEGINS AND ENDS WITH SELF AWARENESS.” 

– ROBERT KOPPEL 

houston@thetradingedge.orghttp://thetradingedge.org

SUCCESSFUL TRADING BEGINS AND ENDS WITH SELF AWARENESS.

• GIVE 2 TRADERS THE SAME TRADING SYSTEM AND YOU’LL GET 2 WILDLY DIFFERENT RESULTS• WHY?

Execution

Cognitive biases

Mindset

Limiting beliefs

Emotions

“YOU TRADE YOUR PSYCHOLOGY.”

TRADING IS A GAME OF SELF AWARENESS. 

• MOST OF US ARE TAUGHT TO IGNORE OR SUPPRESS OUR EMOTIONS. 

EMOTIONAL DEVELOPMENT

Controlled

Threat

Acknowledged

Information

Harnessed

Intuition

PAIN & PLEASURE

• ALL HUMAN BEHAVIOR IS MERELY AN ATTEMPT TO GAIN PLEASURE AND AVOID PAIN.

• THERE ARE FOUR CORE DESIRES.

• THESE WANTS FORM THE CORE OF OUR LIMITATIONS.

Core Desir

es

Control

Separation

Approval

Security

ROOT OF EMOTIONS AND BEHAVIORS• THE EMOTIONS AND BEHAVIOR THAT WE DO HABITUALLY (OR AS A REACTION TO OUR WORLD) COME FROM THREE FORCES:• PHYSIOLOGY (MOVEM

ENT, POSITION/POSTURE, BIOCHEMISTRY)

• LANGUAGE (SPOKEN, VISUAL, INTERNAL/EXTERNAL)

• FOCUS/BELIEFS (PHILOSOPHY, THOUGHTS, YOUR ‘REALITY’)

Physiology

Language

Focus/Beliefs

• THE THREE FORCES CREATE AN EMOTIONAL “FUEL OF CHOICE” WHICH WE USE “HABITUALLY” TO FULFILL OUR SURVIVAL NEEDS.

• THIS CREATES A PATTERN THAT PRODUCES THE FOUR MEASURABLE RESULTS:• PEER GROUP• IDENTITY• FOCUS• EMOTION

Peer Group

Identity

Emotion

Focus

5 STEPS FOR CHANGE

• THERE ARE FIVE STEPS BY WHICH WE CAN CHANGE THESE PATTERNS WITHIN OURSELVES:• DIAGNOSIS• CONDITIONING• LEVERAGE• PEER GROUP• EMPOWERING

ALTERNATIVE

Diagnosis Conditioning

Leverage Peer Group

Empowering

Alternative

EMOTIONAL CONTROLEMOTIONAL RELEASETECHNIQUES

THE SEDONA METHOD

1. CAN I WELCOME THIS FEELING?2. COULD I LET IT GO?3. WOULD I LET IT GO?4. WHEN?5. REPEAT

THE ROBOT / MODEL TRADER

1. CURATE ALL THE TRAITS YOU DESIRE AS A TRADER2. MODEL ALL THOSE TRAITS INTO A ‘MODEL’

TRADER3. HAND OFF CONTROL4. BECOME THE OBSERVER

• SEE YOURSELF IN THE ROBOT• MAINTAIN A SENSE DETACHMENT

MY ROBOT TRADER• MY ROBOT TRADER IS CALM, CENTERED, YET EXTREMELY

DECISIVE.  IN EACH TRADE HE KNOWS PLAN A, B, AND C.  ONCE IN A TRADE HE MANAGES WITHOUT HESITATION OR DOUBT.

• THE ROBOT TRADER KNOWS NO FEAR BECAUSE THERE’S NO UNCERTAINTY.  AT TIMES HE’S HUMOROUS BUT WITH A SLY AND DRY HUMOR THAT IS ALWAYS QUICK TO LAUGH AT HIMSELF FOR HIS MISTAKES.

• GIVING AND ABUNDANT HE PLAYS ALL OUT AND HAS NO REGRETS.• NEVER AFRAID OF TAKING A LOSS AS LOSS IS NOT A REFLECTION

OF HIM OR SELF WORTH OR COMPETENCE.• HE’S A REAL TRADER’S TRADER.

WHAT’S YOUR TRADING MINDSET?

“SUCCESSFUL TRADING BEGINS AND ENDS WITH SELF AWARENESS.” 

– ROBERT KOPPEL 

houston@thetradingedge.orghttp://thetradingedge.org